Make a list of must-haves and nice-to-haves to stay focused.Don't be shy about asking questions.

Nowadays, we reach out to the tenant two months before the lease is set to renew with the new lease price and ask if they intend to stay.

May was $4200 because we had one 7 night and a 15 night stay!!  

@Solomon NguyenBrosef, I would stay in my backyard and if you're considering property management, then I would definitely invest in my backyard.

I'd like to keep my mother's room locked and still have the option of staying in that room for 2-4 weeks during the school year (while the tenant is also in the house) and for a few weeks during the summer (when the tenant lives elsewhere). 

You can’t do repairs, you can’t stay there, any violations will be the same as a 100% taxable withdraw. 

Perhaps you might consider staying in this house for a year or two, turning this one into a rental and looking for a similar deal.  

If the buyer has good credit, you might go lower, while buyers with poor credit might justify a rate closer to 9% or 10%.Market-Based Adjustments: Keep in mind the current prevailing mortgage rates (which are currently around 6-7% for traditional financing) and adjust accordingly to stay competitive while still reflecting the added flexibility of seller financing.3.

Just allowing them to stay in your beautiful home is liability enough.I agree with everyone else who said here that it's a bad idea to leave alcohol, food or anything consumable.    

Some investors opt for larger homes with more bedrooms, while others convert existing residential properties to fit more people comfortably, ensuring they meet safety and accessibility standards.One thing to consider—smaller operations like RAL often rely on word of mouth and local reputation to fill rooms, so community engagement and relationships with local health care providers are key to success.PS: Fun fact—by 2030, it’s projected that more than 20% of the U.S. population will be over the age of 65, which makes senior housing a high-demand sector for decades to come.